On August 26, COINOTAG News reported White House National Economic Council Director Brian Deese described President Trump’s removal of Federal Reserve Board member Lael Brainard as an unprecedented attack on the Federal Reserve, warning the move could exacerbate inflation and lift long-term interest rates.
Deese cautioned that political interference with central bank appointments may erode monetary policy credibility and investor confidence, potentially translating into upward pressure on long-term yields and inflation expectations; investors are likely to monitor the yield curve and break-even rates for indications of shifting risk premia.